Most of The Bond Buyer's weekly yield indexes rose this week, as a number of large issues weighed on the market.
"We certainly feel weaker," said Evan Rourke, portfolio manager at MD Sass. [Yesterday], in particular, the market had a heavy tone to it. There's more and more offerings. Dealers saying 'We'd like to move this.' Offers are getting pretty stale, and it's the end of the quarter for some people. ... There's not a lot of bids out there."